Palantir Technologies (NASDAQ:PLTR) stock just logged an ugly week, but one of Wall Street's loudest bulls is calling the sell-off "way over-blown" and sees roughly 70% upside from here.

PLTR stock is moving. See the chart and price action here. 

Palantir's downdraft picked up steam when “Big Short" investor Michael Burry blasted out a now‑deleted post on X claiming Anthropic is "eating Palantir's lunch," arguing the Claude maker has surged from about $9 billion to $30 billion in ARR by capturing nearly three‑quarters of new enterprise AI spend. 

His critique, that Anthropic offers an easier, cheaper, more intuitive path for corporate AI than Palantir's heavier software stack, helped knock Palantir down more than 6% on Wednesday and over 7% Thursday, adding to a year‑to‑date slide that's left shares nearly 30% off their highs.

Ives Remains Bullish

Wedbush tech analyst Dan Ives is taking the other side. 

In a fresh note titled "Anthropic Threat to PLTR Way ...